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I swore I’d never take on debt for a car, but I was surprised by how well my first auto loan fit into my financial plan

couple buying a car

  • I swore I’d never take on debt for a depreciating asset, like a car. My husband and I have always saved to buy cars in cash so an auto loan was never necessary.
  • But when our transmission died unexpectedly and we didn’t have enough saved to buy a decent car, my husband suggested an auto loan.
  • We looked for a good interest rate and settled on a loan with a 4.05% APR and bought a good-quality car. I learned an important lesson about being flexible with my finances.
  • Looking for a car loan? Autos.com can help you secure the best rate read more >>>

    Source:: BusinessInsider.Com